2010/11      
                                                                        
Settlement
                                                                              (£m) 
                                                                         
(1) Assumed start of 2004/2005 debt                                       235.346848
(2) Assumed 2004/2005 debt repayment                                        9.413874
      (= 4% of line 1)
(3) Estimated 2004/2005 Supported Capital Expenditure (Revenue)            34.919830
(4) Assumed end 2004/2005 (start 2005/2006) debt                          260.852804
      (= line 1 - line 2 + line 3)
(5) Assumed 2005/2006 debt repayment                                       10.434112
      (= 4% of line 4)
(6) Estimated 2005/2006 Supported Capital Expenditure (Revenue)            36.686000
(7) Assumed end 2005/2006 (start 2006/2007) debt                          287.104692
      (= line 4 - line 5 + line 6)
(8) Assumed 2006/2007 debt repayment                                       11.484188
      (= 4% of line 7)
(9) Estimated 2006/2007 Supported Capital Expenditure (Revenue)            26.087000
(10) Assumed end 2006/2007 (start 2007/2008) debt                         301.707504
      (= line 7 - line 8 + line 9)
(11) Assumed 2007/2008 debt repayment                                      12.068300
      (= 4% of line 10)
(12) Estimated 2007/2008 Supported Capital Expenditure (Revenue)           20.589991
(13) Assumed end 2007/2008 (start 2008/2009) debt                         310.229195
      (= line 10 - line 11 + line 12)
(14) Assumed 2008/2009 debt repayment                                      12.409168
      (= 4% of line 13)
(15) Estimated 2008/2009 Supported Capital Expenditure (Revenue)           25.340954
(16) Assumed end 2008/2009 (start 2009/2010) debt                         323.160981
      (= line 13 - line 14 + line 15)
(17) Assumed 2009/2010 debt repayment                                      12.926439
      (= 4% of line 16)
(18) Estimated 2009/2010 Supported Capital Expenditure (Revenue)           26.464920
(19) Assumed end 2009/2010 (start 2010/2011) debt                         336.699462
      (= line 16 - line 17 + line 18)
(20) Assumed 2010/2011 debt repayment                                      13.467978
      (= 4% of line 19)
(21) Estimated 2010/2011 Supported Capital Expenditure (Revenue)           21.945235
(22) Assumed end 2010/2011 (start 2011/2012) debt                         345.176719
      (= line 19 - line 20 + line 21)


(23) Assumed mid-2010/2011 debt                                           340.938090
      (= line 19 / 2 + line 22 / 2)

(24) Assumed 2010/2011 interest charges                                    18.410657
      (= 5.4% of line 23)

(25) Assumed 2010/2011 debt repayment & interest charges                   31.878635 
      (= line 20 + line 24)

(26) Capital Financing scaling factor                                   0.16179648605718
(27) Capital Financing RNF                                              0.00051578511816
      (= line 25 x line 26/ 10,000,000,000)

LGF-FGD - May 2008. Contact: Tom Joss on Thomas.Joss@communities.gsi.gov.uk.

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